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Dec 27 - 05:55 PM

AUD/USD - Opens Flat After China Covid Reopening Impact Fades

By John Noonan  —  Dec 27 - 05:10 PM
  • AUD/USD opens flat after falling from 2-week high at 0.6775

  • Move up was due to China easing Covid restrictions nL8N33H034

  • Gains erased as China news faded and sovereign yields surged higher nL1N33H0YDnL1N33H0AG

  • AUD/USD resistance is at the 61.8 of the recent 0.6893/0.6629 fall at 0.6792

  • Support is at the 10-day MA at 0.6718 and Monday's 0.6679 low

  • Liquidity will improve slightly as Australia returns from holiday

  • Key in Asia will be AUD/JPY flows and moves in Asian equity markets

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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